Insider Buying: SmartRent (NYSE:SMRT) CEO Acquires 40,260 Shares of Stock

Posted by James Conley on Jun 5th, 2026

SmartRent, Inc. (NYSE:SMRT – Get Free Report) CEO Frank Martell bought 40,260 shares of the stock in a transaction on Friday, June 5th. The stock was purchased at an average price of $1.13 per share, for a total transaction of $45,493.80. Following the completion of the purchase, the chief executive officer owned 3,225,526 shares of the company’s stock, valued at approximately $3,644,844.38. This trade represents a 1.26% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Frank Martell also recently made the following trade(s):

On Thursday, June 4th, Frank Martell bought 20,000 shares of SmartRent stock. The stock was purchased at an average price of $1.19 per share, for a total transaction of $23,800.00.
On Tuesday, May 12th, Frank Martell bought 100,000 shares of SmartRent stock. The stock was purchased at an average price of $1.18 per share, for a total transaction of $118,000.00.
On Friday, May 8th, Frank Martell bought 50,000 shares of SmartRent stock. The stock was purchased at an average price of $1.12 per share, for a total transaction of $56,000.00.

SmartRent Price Performance

Shares of SMRT traded down $0.07 during mid-day trading on Friday, hitting $1.10. The stock had a trading volume of 1,637,631 shares, compared to its average volume of 1,101,379. The firm has a market cap of $211.16 million, a P/E ratio of -8.42 and a beta of 1.53. The business has a fifty day moving average price of $1.34 and a 200-day moving average price of $1.62. SmartRent, Inc. has a 52 week low of $0.85 and a 52 week high of $2.20.

SmartRent (NYSE:SMRT – Get Free Report) last issued its earnings results on Wednesday, May 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.02). SmartRent had a negative return on equity of 10.61% and a negative net margin of 16.58%.The firm had revenue of $36.63 million for the quarter, compared to analyst estimates of $36.82 million. As a group, research analysts expect that SmartRent, Inc. will post -0.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SMRT has been the topic of a number of analyst reports. Weiss Ratings lowered SmartRent from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, May 26th. Keefe, Bruyette & Woods decreased their price objective on SmartRent from $2.00 to $1.40 and set a “market perform” rating on the stock in a research note on Monday, May 18th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, SmartRent has an average rating of “Reduce” and an average target price of $1.40.

Read Our Latest Research Report on SMRT

Hedge Funds Weigh In On SmartRent

A number of institutional investors have recently added to or reduced their stakes in SMRT. CTC Alternative Strategies Ltd. bought a new position in SmartRent in the 1st quarter worth about $26,000. Kanen Wealth Management LLC bought a new position in SmartRent in the 3rd quarter worth about $26,000. Neuberger Berman Group LLC bought a new position in SmartRent in the 4th quarter worth about $30,000. SummitTX Capital L.P. bought a new position in SmartRent in the 1st quarter worth about $34,000. Finally, Dean Jacobson Financial Services LLC bought a new position in SmartRent in the 4th quarter worth about $35,000. 59.42% of the stock is currently owned by institutional investors.

About SmartRent

(Get Free Report)

SmartRent Inc is a technology company that develops smart home and smart building automation solutions for the residential rental housing industry. Its integrated hardware and software platform enables property managers and owners to remotely monitor, manage and control access, energy use and overall resident experience. The company’s product portfolio includes smart locks, thermostats, leak and flood sensors, door and window sensors, security cameras, and a centralized management dashboard that interfaces with leading property management systems.

SmartRent’s platform is designed to streamline operations for multifamily communities and single-family rental portfolios by automating routine tasks such as digital resident self-showings, remote lease turnovers, package management and preventative maintenance alerts.